Latin America and the Caribbean: Adhesive Dressings Market 2024

Adhesive Dressings Market Size in Latin America and the Caribbean

The Latin American adhesive dressings market dropped to $X in 2021, waning by -7.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Adhesive Dressings Production in Latin America and the Caribbean

In value terms, adhesive dressings production shrank modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Adhesive Dressings Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of adhesive dressings or similar articles were exported in Latin America and the Caribbean; picking up by 43% on 2020 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, adhesive dressings exports rose remarkably to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) and Brazil (X tons) were the main exporters of adhesive dressings or similar articles in 2021, recording approx. 41% and 37% of total exports, respectively. It was distantly followed by Colombia (X tons), making up a 17% share of total exports. Guatemala (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico (with a CAGR of +0.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest adhesive dressings supplying countries in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), together comprising 96% of total exports.

In terms of the main exporting countries, Mexico, with a CAGR of +1.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, waning by -22.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+4.8%), while the other leaders experienced more modest paces of growth.

Adhesive Dressings Imports

Imports in Latin America and the Caribbean

Adhesive dressings imports soared to X tons in 2021, rising by 21% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 472%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, adhesive dressings imports surged to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons) represented the largest importer of adhesive dressings or similar articles, comprising 36% of total imports. Chile (X tons) held the second position in the ranking, followed by Brazil (X tons), Colombia (X tons) and Argentina (X tons). All these countries together took near 38% share of total imports. The following importers - Peru (X tons), the Dominican Republic (X tons), Ecuador (X tons) and Guatemala (X tons) - together made up 13% of total imports.

From 2012 to 2021, average annual rates of growth with regard to adhesive dressings imports into Mexico stood at -5.9%. At the same time, the Dominican Republic (+20.9%), Colombia (+19.5%), Chile (+15.0%), Guatemala (+11.7%), Brazil (+9.4%), Peru (+7.8%) and Argentina (+1.0%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +20.9% from 2012-2021. Ecuador experienced a relatively flat trend pattern. While the share of Chile (+11 p.p.), Brazil (+6.6 p.p.), Colombia (+5.1 p.p.), the Dominican Republic (+3.2 p.p.) and Peru (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mexico (-25.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported adhesive dressings or similar articles in Latin America and the Caribbean, comprising 52% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports. It was followed by Chile, with a 9.6% share.

In Mexico, adhesive dressings imports expanded at an average annual rate of +8.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+5.9% per year) and Chile (+13.1% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, flattening at the previous year. Overall, the import price, however, showed a buoyant expansion. The growth pace was the most rapid in 2014 when the import price increased by 718%. Over the period under review, import prices hit record highs at $X per ton in 2020, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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